Semanteon Capital Management LP Acquires New Shares in PAR Technology Co. (NYSE:PAR)

Semanteon Capital Management LP acquired a new stake in PAR Technology Co. (NYSE:PAR) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 19,558 shares of the software maker’s stock, valued at approximately $1,421,000. Semanteon Capital Management LP owned approximately 0.05% of PAR Technology as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in PAR. Victory Capital Management Inc. increased its holdings in PAR Technology by 5.1% during the 3rd quarter. Victory Capital Management Inc. now owns 4,524 shares of the software maker’s stock worth $236,000 after purchasing an additional 219 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new position in PAR Technology during the 3rd quarter worth about $308,000. Intech Investment Management LLC bought a new position in PAR Technology during the 3rd quarter worth about $598,000. Charles Schwab Investment Management Inc. increased its holdings in PAR Technology by 7.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 298,067 shares of the software maker’s stock worth $15,523,000 after purchasing an additional 20,811 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in PAR Technology by 6.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 17,135 shares of the software maker’s stock worth $892,000 after purchasing an additional 974 shares in the last quarter.

PAR Technology Trading Down 0.9 %

Shares of NYSE:PAR opened at $60.95 on Friday. PAR Technology Co. has a 52-week low of $37.74 and a 52-week high of $82.24. The company has a market capitalization of $2.45 billion, a P/E ratio of -243.77 and a beta of 2.20. The company has a 50-day simple moving average of $67.41 and a 200 day simple moving average of $66.28. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.91 and a current ratio of 2.13.

PAR Technology (NYSE:PAR) last issued its earnings results on Friday, February 28th. The software maker reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.17). The firm had revenue of $105.01 million during the quarter, compared to analyst estimates of $99.10 million. PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The company’s revenue for the quarter was up 50.2% on a year-over-year basis. During the same quarter last year, the business posted ($0.33) earnings per share. Sell-side analysts forecast that PAR Technology Co. will post -1.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Needham & Company LLC reiterated a “buy” rating and set a $90.00 target price on shares of PAR Technology in a report on Friday, February 28th. Craig Hallum restated a “buy” rating on shares of PAR Technology in a report on Friday, February 28th. Stephens restated an “overweight” rating and issued a $90.00 price objective on shares of PAR Technology in a report on Friday, February 28th. Benchmark restated a “buy” rating on shares of PAR Technology in a report on Friday, February 28th. Finally, StockNews.com upgraded PAR Technology to a “sell” rating in a report on Monday, March 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $81.86.

PAR Technology Company Profile

PAR Technology Corporation, together with its subsidiaries, provides omnichannel cloud-based hardware and software solutions to the restaurant and retail industries worldwide. The Restaurant/Retail segment offers PUNCHH, an enterprise-grade customer loyalty and engagement solution; MENU, an eCommerce platform for restaurant brands; BRINK POS, an open cloud, point-of-sale solution; PAR PAYMENT SERVICES, a merchant services business that enables electronic payment and processing services for businesses; and DATA CENTRAL, a back-office solution that leverages business intelligence and automation technologies.